Today’s Big Pancake Public Outlook (Friday)

1. Bollinger Bands (BOLL) Signal
1. Bollinger Bands (BOLL) Signal
• Current situation: Price started from a low of 71,546, rising all the way to around 72,350, and is currently trading above the middle band (72,152.7).
• Interpretation: The upper Bollinger Band (72,500) is slightly opening upward, indicating that short-term upward momentum still remains; the price holding above the middle band shows that short-term bulls are in control.
2. Price Structure and Support
• Higher lows: Recent lows keep rising, showing a clear step-like upward structure.
• Decreasing-volume pullback: The drop from the high has not been accompanied by a significant increase in volume, indicating this is a healthy shakeout/profit-taking, with weak sell pressure and good support from funds.
3. Short-term Trend
• The intraday high touched 72,350, breaking the previous range-bound consolidation platform, showing a clear strong short-term trend.
• Current situation: Price started from a low of 71,546, rising all the way to around 72,350, and is currently trading above the middle band (72,152.7).
• Interpretation: The upper Bollinger Band (72,500) is slightly opening upward, indicating that short-term upward momentum still remains; the price holding above the middle band shows that short-term bulls are in control.
2. Price Structure and Support
• Higher lows: Recent lows keep rising, showing a clear step-like upward structure.
• Decreasing-volume pullback: The drop from the high has not been accompanied by a significant increase in volume, indicating this is a healthy shakeout/profit-taking, with weak sell pressure and good support from funds.
3. Short-term Trend
• The intraday high touched 72,350, breaking the previous range-bound consolidation platform, showing a clear strong short-term trend.
Big Pancake: Pull back to 71,500–71,000 for going north
First target: around 72,500
Second target: 74,000 (be cautious) #Gate上线Pre-IPOs $BTC $ETH $GT ‌